Learning Objectives
By the end of this module, you will meet these learning objectives:
Illustrate the process for implementing innovative
strategies
Evaluate processes to promote innovation in an
organization
Identify organizational process gaps through
benchmarking
Module Overview
The term strategy means making choices among some feasible options
to have the best chance at winning. Innovation is just one of the
means to achieve your organization's strategic goals. Most
stakeholders within an organization define innovation as a strategic
priority. However, the lack of a clear innovation strategy is a critical
problem, especially for organizations juggling multiple priorities. While
generating an innovation strategy is not particularly difficult, the
challenge arises when aligning it with the organization's overall
business goals.
Innovation strategy focuses on mapping mission, vision, and value
proposition for defined customer markets. This strategy sets
boundaries for your innovation performance expectations by
simplifying and structuring innovation efforts to achieve the best
possible outcome.
This module will help you understand the process of implementing and
evaluating innovative strategies by identifying organizational process
gaps through benchmarking. In this module, you will get introduced to
Cooper’s stage-gate approach. This approach emphasizes the
structured staging process for product development. This module
elaborates on 3M’s case study about innovation strategy and will help
you learn more about different benchmarking processes. At the end of
this module, you will complete a benchmarking study comparing the
organization from the course scenario with 3M. You will also submit a
detailed flowchart to train your team on the processes for
implementing the innovation recommendation you have made.
Module at a Glance
This is the recommended plan for completing the reading assignments
and activities within the module. Additional information can be found
in the module Resources section and on the module table of contents
page.
1. Review the module resources.
2. Submit your benchmark study.
3. Submit your flowchart assignment.
4. Submit your video check-in.
5. Begin working on the Power BI Series course.
